gbp/jpy

quabat:
hi everyone.first of all.u guys on this page are sound and intelligent.i respect tht.i took my time to read 50% of the pages.but u guys are SELFISH.WE PEOPLE THT DNT KNOW HOW FOREX WORK WANTS TO INVEST BUT SINCERITY AND TRUST IS WHAT WE LACK IN THIS COUNTRY.U GUYS(GURU)SHLD FORM A WHATAPP GROUP AND LET WE (NOVIES) INVEST.NOBODY IS LOOKING FOR $10 TURN TO $1000 OVERNITE(EXCEPT IF HE IS GREEDY AND A THIEF).WE DNT WANT TO JOIN MMM because WE KNOW IT IS MIRAGE.GIVE US A PLATFORM TO INVEST(IN NAIRA) WITH REASONABLE ROI .U GUYS WILL BE SURPRISE HOW MANY INVESTORS WILL JOIN.TRUST AND SINCERITY IS KEY.THANX

Hello,

Pretty good intention you have. I think it is noteworthy to state that many people in this Group are only taking forex as a play thing and not a source of income. Such are they who will readily jump at every new trading system put on display, ask for custom built indicators and live under the illusion that money will just drop into their laps by free course. Drill them to find out their depth of knowledge regarding the market and you will discover that they know next to nothing.

For those who have plans to invest, here is what I recommend:

Visit the website of the forex companies and check for their PAMM (Managed account) section. Do a careful check on a few of the high performing Managers, follow their performance for a little more time to see consistency in performance.

After all these have been done, you can go ahead and invest some funds with such a Manager.

This is my kind advice to you 'cos not everyone on this thread is a serious minded person (permit me to say).

Do have an excellent day!

Mesh

Quick sell for about 40 pips on AUDUSD

TP 0.7645

eVERYONE TRADING BUY ON GU should be really careful. If today bar dont end up in pinbar, expect a free fall and those want to join in free fall should do so carefully. As it stands now, it may be free fall until mama calls through out this month. Breaking monthly resistance like this is not common. it will be jumping down.
Reason: It has broken daily, weekly, and all mighty monthly resistance by 35pips as am typing now, and still going strong. So expect a likely free fall if the trend continues as it stand. Above all, trade carefully.

Pipsbasketing:
I have been on the pair: GU - SELL since the indicated time.........and currently reading up about 67pips, I hope to get more than 400 pips from the trade, if it reverses, then I swing with it

Thats it, even gbpaud follow same, it might go down and form monthly pin bar later . Thats my suggestion, but as it stands now, i think the down trend will continue. i never used SL for my GU buy before, but i have put sl of 30pips to the current price to be save and on sell , now. I will keep all eyes on it.

Thanks

GBP/USD focused on 1.22 on a close below 1.2707/50 – Commerzbank

4 October 2016, 10:34




Karen Jones, Head of FICC Technical Analysis Research at Commerzbank, suggested Cable could shift their attention to 1.22 on a close below the 1.2797/50 band.

On a long term basis, i don't usually go against Karen Jones.

iheanyiebeneze:

GBP/USD focused on 1.22 on a close below 1.2707/50 – Commerzbank

4 October 2016, 10:34




Karen Jones, Head of FICC Technical Analysis Research at Commerzbank, suggested Cable could shift their attention to 1.22 on a close below the 1.2797/50 band.

BREXIT will fuel this fall.

quabat:
hi everyone.first of all.u guys on this page are sound and intelligent.i respect tht.i took my time to read 50% of the pages.but u guys are SELFISH.WE PEOPLE THT DNT KNOW HOW FOREX WORK WANTS TO INVEST BUT SINCERITY AND TRUST IS WHAT WE LACK IN THIS COUNTRY.U GUYS(GURU)SHLD FORM A WHATAPP GROUP AND LET WE (NOVIES) INVEST.NOBODY IS LOOKING FOR $10 TURN TO $1000 OVERNITE(EXCEPT IF HE IS GREEDY AND A THIEF).WE DNT WANT TO JOIN MMM because WE KNOW IT IS MIRAGE.GIVE US A PLATFORM TO INVEST(IN NAIRA) WITH REASONABLE ROI .U GUYS WILL BE SURPRISE HOW MANY INVESTORS WILL JOIN.TRUST AND SINCERITY IS KEY.THANX

Goodmorning sir,
i think we sound alike, however complicated the situation, lets discuss on how we can adjust the policies to maintain honesty and transparency towards achieving goal in question......

Do you also always add position to the opened trades, same pairs, because I do similar like that?

Pipsbasketing:
Basket cumulative currently gives about 1000.00pips still loading more and more.

$100.0 addition to account........

Success is mine (Amen)

Pipsbasketing:
Wrong mail

Kindly send to sonnymbok@gmail.com

EU Reward,
2 position closed
Total : +141 pips

Kamikaze mode switched off!

Cheers!

Run Your Trading Like a Business
By Nial Fuller in Forex Trading Articles |

Trading is quite different from other businesses, but it is still a business and you need to run it like one and think of it as one. Most traders start out on the wrong path right out of the gate by treating their trading like a trip to the casino rather than a business that requires structure and planning and which has real costs associated with it.

If you want to succeed as a trader, the very, very first step, is running your trading like a business and viewing it as one.

Just as with any other business, the way you make profit as a trader is by bringing in more revenue than your out-going costs. Also, like any other business, the way you lose money and ultimately go out of business, is if your costs are larger than your revenue.
Your costs of doing business in the market

Losing trades

The main costs of running a trading business are losing trades. Yes, that’s right, losing trades are and should be thought of as a cost of running a trading business. It is critical you view them this way, because it helps you to become less emotionally influenced by losing trades. Think of it this way; a restaurant owner doesn’t get sad or angry when he has to re-order food or pay his employees, because he knows those things are just the costs of doing business.

So, your biggest cost of business as a trader are the losses you take from losing trades. Every trader on Earth, no matter how profitable, has losing trades. You cannot avoid them, so just accept that you will have to deal with the cost of losing trades and rather than try to avoid them, learn how to deal with them properly, but you must accept them as an on-going cost first (more on how to deal with this costs later).

Another smaller cost associated with trading is that of broker spreads or commissions. This will be an on-going cost for you and you should remember that every time you enter a trade, you are paying a spread or commission to your broker. This is a real cost and you should think of it as such. Obviously, day-traders who trade very frequently have much higher costs related to spreads or commissions than do swing traders like me (and you, I hope).

Set up a trading office

The next biggest cost you will have as a trader is setting up your trading office. Now, this cost can vary greatly from trader to trader, but at the very least, you will need a good laptop and a computer desk and chair. Some traders may opt for a multi-monitor computer setup and an expensive computer desk and chair, which obviously could get very expensive. However, this is not necessary to trade profitably. All you really need is a good laptop and an internet connection.

The good and bad news about trading costs

Ok, now that we have discussed the primary costs of doing business as a trader, let’s first discuss the good news about them. The good news is that you know what your costs are and there aren’t very many of them. Also, you can contain your costs as a trader very easily and effectively. This containment is done by managing your risk as you trade. This means, not risking more than you can truly afford to lose on any one trade, which is done by using stop losses of course. Knowing how to properly place stop losses will also be a big factor in managing risk and also in maximizing reward. A properly placed stop loss can be the difference between a losing trade and a winning trade in many cases.

Now, for the bad news about trading costs. If you do not manage them and contain them properly, they can grow out of hand, very, very quickly. In fact, if you don’t manage your risk properly as you trade, you can end up losing all of your trading money very, very fast, faster than in other business for sure.

Knowing this bad news about trading costs, it should make you re-read the previous paragraph again on the good news of trading costs, and remind yourself that these costs can effectively be managed and contained, but it’s up to YOU to do it!

So, now you know the primary costs of running your trading business, now there might be others, but these are the biggest ones for most traders. Your goal is to make sure that you make enough money from your winning trades (revenue) to cover all your costs and then some, so that you make a profit.
How to make your trading business profitable

Now, it’s time to learn how to run your trading business at a profit, rather than a loss. There is obviously quite a bit that goes into being a consistently profitable trader, and I can’t cover everything in one short article, but I will give you a brief run-down of the main things you need to focus on. For more information, check out my trading course.

As mentioned previously, a trading business runs at a profit when the revenue (money from winning trades) is offsetting the costs (losses, office setup, etc.).

The question then becomes, what can you do to make sure your trading revenues far surpass your trading costs? Here is an overview:

Focus on risk to reward ratio –
On every trade you take, you need to decide if the risk reward potential is enough to make the trade worthwhile. You need to be sure at least a 2R or greater reward is possible whilst making sure you have your stop loss placed properly.

Don’t trade a lot – You don’t need to trading with high frequency to make money. You need to instead focus on learning to trade properly, on taking high-quality / high-probability trades. This is the point I make in my articles on trading like a crocodile and trading like a sniper.

Focus more on money management than anything else –
By money management, I mean managing and containing your risk per trade and also on making sure a 2R or greater reward is possible and also on trade exits. Most traders focus too much on entries and waste of time things like trading indicators, when in reality, they should be far more focused on money management.

Make sure you know how to read price action properly – Finally, if you don’t understand how to read a price chart, you aren’t going to get very far. The basis of any successful trading business is understanding price dynamics and how to read and trade from pure price action.

Conclusion

What I want you to do next, is create a trading plan. A comprehensive yet concise trading plan is necessary for running a successful trading business. You can’t just ‘wing it’ and hope for the best. This is what most traders do and how do most traders end up? Losing money and eventually dropping out.

Well said mate,
Very informative.

iheanyiebeneze:


Conclusion

What I want you to do next, is create a trading plan. A comprehensive yet concise trading plan is necessary for running a successful trading business. You can’t just ‘wing it’ and hope for the best. This is what most traders do and how do most traders end up? Losing money and eventually dropping out.

Your Conclusion is on point!
Some people power is to win 20 or less pips at a time, but they don't know that yet,
They just want to eat the whole pie,

Forex is a stage,
Just like the chess game,
You can't just start and expect to defeat a pro (mother market)
There's no beginner's luck in the business.
You have to plan your trade, or your trade would plan for you.

And also one, should always learn to first understand it's environment (market environment i.e do your analysis right and when in doubt close the chart and have a nice cup of coffee)
So you don't end up like this dog

Capitals:


And that is how I got stopped out of the trade
Closely watching same pair for a buy signal again ,

Buying again, GC.
Hope it goes well this time

Pipsbasketing:
Haaa,

Why buy the pair bro, I have been on the sell for some days with huge pips. And right now, there is a huge sell divergence on my daily and weekly TF.

Except your trade on this is intraday.

I think odds are with the buyers, I m judging its easier to go 350-500pts up from current levels than 350-500 down. Also my strategy suggests its set for a rise right so I m on the look out for buy setups till we trade below 1.2440.
I may be wrong anyway

Capitals:


Buying again, GC.
Hope it goes well this time

Stop loss hit, 150pts gone. Will yet stalk the pair and other GBP pairs for a buy

Look at GA, and GN bullish setup on 4hr

any news,,,,where euro got the strength from

trade of +280pips on EUR.NZD sell since yesterday close me with +20pips,,,,sometimes day trading better

currentprice:
any news,,,,where euro got the strength from

word on the street = ECB trying to tighten their QE Gold also breaking down from 2016 TL... must say August frustrated the living day light out of me i guess i'm not cut out for DAytrading...

Closed shop for the day

EURUSD +141 pips

1. NZDUSD +218 pips

2. AUDUSD +240 pips

Total +599 pips

I was trying to make them all a round figure,
But that 1 pip na serious wahala.

Cheers!!!

Feshizzy:
Closed shop for the day

EURUSD +141 pips

1. NZDUSD +218 pips

2. AUDUSD +240 pips

Total +599 pips

I was trying to make them all a round figure,
But that 1 pip na serious wahala.

Cheers!!!

Nice cool trade. With this your chart, you made me remember the simplicity of trades using Trade Made Simple, by eelfranz (of blessed memories) on ff back then, nothing can be as simple as trading with simplicity and few indicators. Hope you mentioned the tempo.